Hillenbrand Inc (HI)
Fixed asset turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,182,800 | 3,108,000 | 3,038,000 | 2,943,600 | 2,826,000 | 2,667,100 | 2,530,300 | 2,405,100 | 2,315,300 | 1,842,900 | 1,958,200 | 2,114,800 | 2,241,400 | 2,803,600 | 2,716,000 | 2,642,600 | 2,517,000 | 2,309,100 | 2,148,200 | 1,963,900 |
| Property, plant and equipment | US$ in thousands | 316,600 | 328,700 | 329,400 | 334,600 | 320,700 | 296,400 | 295,200 | 285,200 | 231,900 | 280,900 | 281,300 | 287,900 | 295,100 | 294,400 | 296,400 | 307,600 | 314,200 | 331,600 | 348,700 | 398,100 |
| Fixed asset turnover | 10.05 | 9.46 | 9.22 | 8.80 | 8.81 | 9.00 | 8.57 | 8.43 | 9.98 | 6.56 | 6.96 | 7.35 | 7.60 | 9.52 | 9.16 | 8.59 | 8.01 | 6.96 | 6.16 | 4.93 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,182,800K ÷ $316,600K
= 10.05
Hillenbrand Inc's fixed asset turnover ratio has shown fluctuation over the past few quarters. The ratio measures the efficiency with which the company generates revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates that the company is utilizing its fixed assets more efficiently to generate sales.
Based on the data provided, Hillenbrand Inc's fixed asset turnover ratio ranged from a low of 4.93 in Q4 2019 to a high of 10.05 in Q1 2024. The ratio experienced a general increasing trend from Q4 2019 to Q1 2024, indicating improved efficiency in utilizing fixed assets to generate revenue.
However, the ratio's fluctuations in subsequent quarters suggest some variability in asset utilization efficiency. It's worth noting the drop in the ratio from Q1 2024 to Q2 2024, followed by a slight increase in Q3 2024.
Overall, Hillenbrand Inc's fixed asset turnover ratio has shown positive movement, with some variations. It would be essential for the company to continue monitoring and managing its fixed asset utilization to maintain or improve efficiency in generating sales.
Peer comparison
Sep 30, 2024